Costs Like Rent, Property Taxes, and Utilities Are Generally ______

question 19

Multiple Choice

Costs like rent, property taxes, and utilities are generally ______.

• A) fixed costs
• B) variable costs
• C) the breakeven point
• D) asset costs

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Definitions:

Common Resource

A type of good that is non-excludable and rivalrous, such as fish stocks in the ocean; it is available to all but can be depleted by excessive use.

Public Good

A good that is both nonexcludable and nonrival in consumption.

Fire Protection

A range of measures and services designed to minimize the impact of fire on people, property, and the environment.

Private Good

A good that is both excludable and rival in consumption.